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Sistema Secures CDMA Spectrum In 8 Circles For Rs 3,639 Cr; Closing Down In 3 Circles

Sistema Shyam, which operates its telecom services in India as MTS India and was the only applicant in the 800 MHz band, has secured spectrum in eight telecom circles in the 800 MHz band for Rs 3,639 crore, according to a notice (pdf) released by India’s Department of Telecom (DoT). The lowdown: - 24 blocks (of 1.25 MHz of spectrum each) were sold for Rs 3,639.48 crores. - Sistema has bought 3 blocks apiece in Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West) and West Bengal telecom circles. - Most expensive circles: Delhi (Rs 450.49 crore per block), Karnataka (Rs 214.58 crore per block), Tamil Nadu (Rs 198.96 crore per block) and Gujarat (Rs 146.15 crore per block). - Other circles: Kolkata (Rs 73.92 crore per block), UP West (Rs 69.82 crore per block), Kerala (Rs 42.45 crore per block) and West Bengal (Rs 16.79 crore per block). - Indian government has agreed to adjust Sistema's previous license cost of Rs 1,626 crore against the new spectrum cost. Therefore, Sistema will have to pay around Rs 2,013 crore for the spectrum, of which 25% of the total bid amount (aeround Rs 503.25 crore) should be paid within 10 days, followed by a payment moratorium until March 2016, after which the balance amount should be paid in 10 equal annual installments. - This spectrum is technology neutral and valid for 20 years. - The auction concluded after just three rounds which went on for few hours. In comparison, the first round of spectrum auction which took place in November, had concluded in two days with the…

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